War headlines hit… and everything sold. - $BTC dropped ~3% back toward $66K after failing (again) to hold $70K - The Strait of Hormuz closure spiked oil, pressured equities (-2% on S&P/Nasdaq), - Even gold rolled over despite safe-haven expectations. Key detail: BTC lost the 21-day SMA and prior cycle resistance, keeping bears structurally in control. Yet relative performance vs stocks and metals has stabilized. Is this macro stress setting up another leg lower?